Dye & Durham Limited (TSE:DND) Receives Average Rating of “Moderate Buy” from Analysts

Dye & Durham Limited (TSE:DND) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$14.17.

A number of equities analysts have commented on the stock. CIBC cut shares of Dye & Durham from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$16.00 to C$8.50 in a research note on Friday, October 3rd. BMO Capital Markets downgraded shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Cormark dropped their price target on Dye & Durham from C$17.00 to C$15.00 in a research report on Thursday, September 18th. Finally, Cibc World Mkts downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd.

Dye & Durham Trading Up 14.3%

Shares of DND opened at C$4.64 on Friday. The company’s fifty day moving average is C$4.65 and its 200 day moving average is C$8.04. Dye & Durham has a fifty-two week low of C$2.63 and a fifty-two week high of C$22.59. The stock has a market capitalization of C$311.67 million, a PE ratio of -1.90 and a beta of 2.46. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32.

Dye & Durham Company Profile

Dye & Durham Ltd is engaged in providing cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company has business operations in Canada and the United Kingdom. The customers include law firms, financial service institutions, and government organizations.